Tradeweb Markets (TW) Intangibles (2018 - 2026)
Tradeweb Markets' quarterly Intangibles came in at $1.1 billion in Q1 2026, down 10.22% year-on-year from $1.2 billion in Q1 2025, and up 313.97% quarter-over-quarter from $270.3 million in Q4 2025.
Tradeweb Markets has reported Intangibles for 9 years, with the latest figure at $1.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Intangibles fell 10.22% year-over-year to $1.1 billion; the trailing twelve-month figure through Mar 2026 stood at $1.1 billion (down 10.22% YoY), and the FY2025 full-year result was $270.3 million, down 78.9% from the prior year.
- Intangibles for Q1 2026 stood at $1.1 billion, up from $270.3 million in the prior quarter.
- The five-year high for Intangibles was $1.3 billion in Q4 2024, with the low at $131.3 million in Q4 2023.
- Average Intangibles over 5 years is $790.7 million, with a median of $1.0 billion recorded in 2023.
- Year-over-year, Intangibles sank 87.99% in 2022 and soared 875.31% in 2024.
- Tracing TW's Intangibles over 5 years: stood at $141.8 million in 2022, then slipped by 7.4% to $131.3 million in 2023, then soared by 875.31% to $1.3 billion in 2024, then sank by 78.9% to $270.3 million in 2025, then soared by 313.97% to $1.1 billion in 2026.
- The last three Intangibles figures came in at $1.1 billion (Q1 2026), $270.3 million (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 5.96 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 7.41 Bn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 203.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 421.02 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 3.41 Bn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | - |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 1.12 Bn |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | 10.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.12 Bn |
| Dec 31, 2025 | 270.30 Mn |
| Sep 30, 2025 | 1.18 Bn |
| Jun 30, 2025 | 1.21 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 1.28 Bn |
| Sep 30, 2024 | 305.09 Mn |
| Jun 30, 2024 | 1.00 Bn |
| Mar 31, 2024 | 1.03 Bn |
| Dec 31, 2023 | 131.33 Mn |
| Sep 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 1.02 Bn |
| Mar 31, 2023 | 1.05 Bn |
| Dec 31, 2022 | 141.83 Mn |
| Sep 30, 2022 | 144.69 Mn |
| Jun 30, 2022 | 1.13 Bn |
| Mar 31, 2022 | 152.24 Mn |
| Dec 31, 2021 | 1.18 Bn |
| Sep 30, 2021 | 1.20 Bn |
| Jun 30, 2021 | 163.77 Mn |
| Mar 31, 2021 | 165.59 Mn |
| Dec 31, 2020 | 168.03 Mn |
| Sep 30, 2020 | 1.21 Bn |
| Jun 30, 2020 | 1.23 Bn |
| Mar 31, 2020 | 323.10 Mn |
| Dec 31, 2019 | 1.28 Bn |
| Sep 30, 2019 | 323.10 Mn |
| Jun 30, 2019 | 323.10 Mn |
| Mar 31, 2019 | 154.30 Mn |
| Dec 31, 2018 | 170.58 Mn |